ICOFC has raised its natural gas production capacity by 600,000 cubic meters per day by launching Well No. 45 of Tabnak gas field at Parsian Operating Area.

First Vice President Eshaq Jahangiri said one of the outcomes of implementation of the Joint Comprehensive Plan of Action (JCPOA) is that Irans export of crude oil and gas condensate has reached its highest level since the 1979 Islamic Revolution.

Iran welcomes Russian participation in the $2.5 billion construction of a pipeline known as IGAT-9 a 35 billion cubic meter per year pipeline that is planned to use to send gas from its giant South Pars field to Europe via Turkey.

Government Spokesperson Mohammad Baqer Nobakht says Irans oil income is being transferred to the country without any trouble, adding the country will receive IRR 685,000b of its oil cash by the calendar yearend.

The National Iranian Oil Company (NIOC) says it will hold a tender for developing South Azadegan oilfield in the near future.

The managing director of Karoon Petrochemical Plant says full operation of TDI and MDI units of the project will save the country over 300 million dollars every year.

First Vice President Eshaq Jahangiri said one of the outcomes of implementation of the Joint Comprehensive Plan of Action (JCPOA) is that Irans export of crude oil and gas condensate has reached its highest level since the 1979 Islamic Revolution.

The newly appointed director of international affairs of the National Iranian Oil Company (NIOC), Saeid Khoshrou, said Irans crude oil sale policies will not change under his leadership.

Iranian Minister of Petroleum Bijan Zangeneh says Irans crude oil revenue is expected to reach 41 billion dollars by the end of the current Iranian fiscal year to March 20 2017.

The operator of phases 20 and 21 of the supergiant South Pars Gas Field says phase 21s platform is currently recovering 27 million cubic meters of natural gas per day, saying the platform is faced with no restrictions in supplying gas to onshore refining facilities.